Multiple Avenues of Intermediation, Corporate Finance and Financial Stability

Multiple Avenues of Intermediation, Corporate Finance and Financial Stability
Using data from the US, UK, Japan and Canada, this paper provides evidence on the benefits to an economy from "multiple avenues of intermediation". The overall conclusion is that the existence of active securities markets alongside banks is indeed beneficial to the stability of corporate financing, both during cyclical downturns and during... READ MORE...

Publication date: August 2001
ISBN 9781451853865
$15.00

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